Section 6B(5)

Provision made by virtue of subsection (3) may include— provision for securities issued by a specified bank to be transferred to a resolution administrator (see section 62B) or another person; where a previous mandatory reduction instrument (“the original instrument) has contained provision under paragraph (a), provision for the transfer of— securities which were transferred by the original instrument, or securities which were issued by the bank after the original instrument was made.

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Source: legislation.gov.uk · retrieved 2026-09-04